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Capital Markets Commodities Energy Commodities Technical Analysis
October 27, 2023
By admin

Cart of The Day (Oil)

Oil market has been rather calm this week. Crude prices dropped at the beginning of the week as Israel held off on the land invasion of Gaza Strip and there was no escalation and spillover of the Israel-Hamas war into other countries in the region.  However, as the weekend is approaching and markets will be […]

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Banking Capital Markets Forex Technical Analysis
October 27, 2023
By admin

Euro remains under pressure near 1.0550, looks at US PCE

So far, the Euro (EUR) appears fragile vs. the US Dollar (USD), prompting EUR/USD to trade within a tight range around the mid-1.0500s in the wake of the opening bell in Europe on Friday. In the interim, the Greenback manages to keep the trade in the upper end of the weekly range near 106.70 when measured by […]

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Capital Markets Economic Forex Technical Analysis
October 27, 2023
By admin

US Core PCE Inflation Preview: Federal Reserve preferred price gauge expected to slow in September

The Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation gauge, will be released by the US Bureau of Economic Analysis (BEA) at 12:30 GMT. What to expect in the Federal Reserve’s preferred PCE inflation report? The Core Personal Consumption Expenditures (PCE) Price Index, which excludes food and energy, is […]

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Banking Capital Markets Commodities Forex Technical Analysis
October 27, 2023
By admin

Good Morning Europe

Bulls on WTI (OIL.WTI) managed to once again defend the $83 area, marked with the 38.2% retracement of a recent upward move. However, price remains nearby and another test of this support cannot be ruled out. Source: xStation5

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Capital Markets Forex Technical Analysis
October 27, 2023
By admin

EUR/JPY attracts some sellers above 158.50 ahead of Eurozone data

The EUR/JPY cross loses ground during the early European trading session on Friday. The cross currently trades around 158.61, up 0.01% for the day. Market players await the Spain’s Gross Domestic Product (GDP) estimated for the third quarter. The quarterly and annual growth numbers are expected to expand by 0.3% and 1.6%, respectively. The recent […]

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Capital Markets Technical Analysis
October 26, 2023
By admin

Stock of The Week (McDonald’s)

McDonald’s (MCD.US), one of the world’s largest and most famous fast food chains, is trading around 3% lower year-to-date. Company is scheduled to report earnings for June – September 2023 period on Monday before the opening of the Wall Street session. Let’s take a look at what the market expects from the release, recent changes […]

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Banking Capital Markets Economic Forex Technical Analysis
October 26, 2023
By admin

US Dollar strengthens ahead of eventful Thursday

The US Dollar (USD) keeps churning higher this week after having a small and brief retreat on Monday. The biggest catalyst for this recovery is the bond market. Still, all eyes will be across the Atlantic on Thursday with the European Central Bank (ECB) set to issue its latest monetary policy decision, which possibly is […]

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Banking Capital Markets Economic Forex Technical Analysis
October 26, 2023
By admin

US GDP Q3 Report Preview: US growth potential impact on EUR/USD

The Gross Domestic Product (GDP) report for the third quarter, to be released by the Bureau of Economic Analysis (BEA) on October 26th, is expected to show an expansion of the US economy at an annualized rate of 4.2% after the 2.1% expansion recorded in the second quarter’s GDP report. The US Dollar (USD) has […]

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Banking Capital Markets Forex Technical Analysis
October 26, 2023
By admin

Trade of The Day AUD/CAD

Facts: Trade: Long at the market price TP1: 0.90 TP2: 0.92 SL: 0.8550 Justification: Inflation in Australia surprised with a higher reading than expected. The annual CPI for Q3 came in at 5.4% YoY (down from 6.0% YoY, but above expectations of 5.3% YoY). Annual inflation for September accelerated from 5.2% y/y to 5.6% y/y. Traders point out […]

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Capital Markets Commodities Precious Metals Technical Analysis
October 26, 2023
By admin

Gold price extends its steady ascent back closer to multi-month top, looks to US GDP

Gold price (XAU/USD) gains some positive traction for the second successive day on Thursday and continues scaling higher through the first half of the European session. The safe-haven precious metal has now moved back closer to its highest level since May 16 touched last Friday and remains well supported by the risk of a potential […]

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